The Graveyard › Banks › 1989

Nile Valley Federal S & L Association

Scottsbluff, NE · failed February 17, 1989 · FDIC certificate 30522

Nile Valley Federal S & L Association of Scottsbluff, NE failed on February 17, 1989. It opened on August 29, 1951, 37 years before. At its last report before that it held $56.3 million in assets and $64.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $74.0 million. The FDIC estimates that the Resolution Trust Corporation lost $38.9 million on it.

1984-031988-12

Assets at the end$56.3 millionlast report before February 17, 1989

Deposits at the end$64.1 million

Estimated loss to the fund$38.9 millionRTC

Largest in the quarterly reports$74.0 millionJune 30, 1986

Equity to assets-46.8%December 31, 1988

Loans not being repaid24.0%noncurrent, December 31, 1988

Return on assets-15.37%a year's rate, December 31, 1988

On the FDIC's list: NILE VALLEY FEDERAL S & L ASSOC..

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Also ended in 1989

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City Savings, FSB · Somerset, NJ · $9.8 billion in assets
MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
University Federal Savings · Houston, TX · $4.5 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.